Keene & Associates Inc. Cuts Position in Kinder Morgan, Inc. (NYSE:KMI)

Keene & Associates Inc. trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 172,528 shares of the pipeline company’s stock after selling 1,357 shares during the period. Kinder Morgan makes up 3.8% of Keene & Associates Inc.’s investment portfolio, making the stock its 2nd largest holding. Keene & Associates Inc.’s holdings in Kinder Morgan were worth $4,727,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Creative Planning lifted its holdings in shares of Kinder Morgan by 5.2% in the 3rd quarter. Creative Planning now owns 412,376 shares of the pipeline company’s stock worth $9,109,000 after purchasing an additional 20,468 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Kinder Morgan in the 3rd quarter worth $75,000. Global Retirement Partners LLC lifted its holdings in shares of Kinder Morgan by 3.5% in the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after purchasing an additional 776 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Kinder Morgan by 47.0% in the 3rd quarter. Blue Trust Inc. now owns 24,818 shares of the pipeline company’s stock worth $548,000 after purchasing an additional 7,932 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Kinder Morgan by 2.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 100,386 shares of the pipeline company’s stock worth $2,218,000 after purchasing an additional 2,456 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the transaction, the president now owns 879,652 shares in the company, valued at $24,049,685.68. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 54,000 shares of company stock worth $1,493,100 in the last quarter. 12.81% of the stock is owned by company insiders.

Kinder Morgan Trading Up 0.8 %

Shares of KMI opened at $26.77 on Wednesday. The business has a 50-day moving average of $27.79 and a 200 day moving average of $25.23. Kinder Morgan, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $31.48. The firm has a market cap of $59.49 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 3.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.30%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KMI. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Morgan Stanley increased their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Truist Financial increased their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company increased their price target on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada increased their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $29.14.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.